Finance
The loan-to-value (LTV) ratio on a Missouri property appraised at $250,000 with a $200,000 loan is:
A60%
B70%
C80%✓ Correct
D90%
Explanation
LTV = Loan ÷ Appraised value = $200,000 ÷ $250,000 = 80%. Using the values given ($250,000, $200,000), apply the appropriate formula..
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